Michigan HB5524 establishes a reimbursement program for businesses losing revenue due to road construction.
Michigan HB5524 amends the state's transportation law to create a road construction business loss reimbursement program. The program provides grants to businesses for revenue lost due to unexpected street closures or construction projects extending beyond their scheduled end dates. Grants are limited to $15,000 per year, based on a decline in revenue compared to the previous three tax years. The Department of Transportation will manage the program, establish a review process for applications, and report annually on the program's utilization.
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